22nd Century Group Inc (XXII) Given Consensus Recommendation of “Strong Buy” by Brokerages

Shares of 22nd Century Group Inc (NYSE:XXII) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price objective of $3.50 for the company, according to Zacks. Zacks has also given 22nd Century Group an industry rank of 172 out of 265 based on the ratings given to related companies.

Several equities research analysts have recently issued reports on XXII shares. Chardan Capital reaffirmed a “buy” rating and issued a $3.50 price target on shares of 22nd Century Group in a research report on Tuesday, March 7th. Zacks Investment Research downgraded 22nd Century Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th.

22nd Century Group (XXII) traded up 1.10% during mid-day trading on Wednesday, hitting $1.83. The company had a trading volume of 1,931,781 shares. The stock’s 50 day moving average price is $1.49 and its 200 day moving average price is $1.15. 22nd Century Group has a 52-week low of $0.77 and a 52-week high of $2.00. The firm’s market cap is $166.34 million.

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In related news, VP Michael Robert Moynihan sold 20,468 shares of 22nd Century Group stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $2.00, for a total transaction of $40,936.00. Following the sale, the vice president now directly owns 946,752 shares of the company’s stock, valued at $1,893,504. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

A hedge fund recently raised its stake in 22nd Century Group stock. Vanguard Group Inc. boosted its position in 22nd Century Group Inc (NYSE:XXII) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,461,872 shares of the biotechnology company’s stock after buying an additional 140,648 shares during the period. Vanguard Group Inc. owned 2.71% of 22nd Century Group worth $2,905,000 as of its most recent SEC filing.

About 22nd Century Group

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